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Gold/Mining/Energy : Thermal Control Technologies Corp TCT (was Redux Energy)
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To: Edward W. Richmond who wrote (774)6/14/1999 1:42:00 PM
From: Far Side  Read Replies (1) of 1208
 
Spoke to Cameron again this morning. To extend forward the probable financials for this firm, the quarterly estimate is $.02 making the yearly profit a conservative $.08. The budget going forward is for increased sales of 30% for this year. Giving a running profit of $.03 per quarter for last year and no major disruptions (moves, etc) this would mean a quarterly profit of about $.04 or $.16 for the year. This gives us a conservative PE of 3 at current prices and we are almost half way through the year.

Now, if buyers don't think a PE of 3 for a firm growing at a 30% rate, is a worthwhile investment, I guess we are not going to get a stock price increase. However, someone just bought over 30,000 this morning so maybe that person does see some value here.

cheers
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